(5MinNewsBreak.com) – In a massive effort to counter years of Democrat-led attacks on the cryptocurrency industry, President Donald Trump has initiated a groundbreaking “Crypto Strategic Reserve” plan.
This bold move by the administration will allow America to reclaim financial leadership on the global stage by creating a fund that includes Bitcoin, Ethereum, XRP, Solana, and Cardano.
“I will make sure the US is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!” President Trump boldly declared.
The announcement sent crypto markets soaring in response, with Cardano surging over 70% in value.
The president announced the reserve through a Truth Social post, cementing his commitment to making America the world’s crypto capital.
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” President Donald Trump stated.
The decision represents a dramatic shift in national financial policy, embracing digital currencies as a cornerstone of America’s economic strength rather than treating them as suspicious assets requiring heavy regulation.
President Trump’s statement made clear that the Presidential Working Group on Digital Asset Markets is now moving forward with the crypto reserve.
The group will focus primarily on Bitcoin and Ethereum while also including alternative coins that have shown staying power in the market.
The initiative follows an executive order from January that initially called for a “national digital asset stockpile.”
White House AI and Crypto Czar David Sacks indicated that additional details about the strategic reserve will be shared at the upcoming White House Crypto Summit on March 7.
This announcement marks a complete reversal from the Biden administration’s hostile approach to cryptocurrencies.
The last four years saw aggressive regulatory actions against major exchanges and dampened innovation in the sector.
Market reaction to President Trump’s announcement was immediate and decisive. Cryptocurrency prices, which had been in a slump, reversed course dramatically.
Cardano jumped over 70%, XRP surged more than 30%, Solana increased by over 20%, and market leaders Bitcoin and Ethereum gained more than 10%.
These price movements affirm investor confidence in President Trump’s vision for America’s financial future.
President Trump’s administration has already begun dismantling regulatory barriers erected by Democrats.
For instance, the Securities and Exchange Commission dropped charges against major crypto exchanges like Coinbase.
This approach starkly contrasts the previous administration, which cited fraud and money laundering concerns to justify a regulatory crackdown that stifled American innovation and drove crypto businesses overseas.
The crypto industry recognized President Trump’s support when it significantly contributed to his presidential campaign.
Political allies like Elon Musk have also promoted cryptocurrencies, helping to legitimize them in mainstream financial conversations.
While some in the crypto community have advocated for a Bitcoin-only reserve, President Trump’s inclusive approach recognizes the diverse potential of blockchain technology across different platforms.
Establishing this reserve will position America at the forefront of financial innovation, potentially forcing other nations to follow suit to remain competitive in the global crypto economy.
JUST IN: 🇺🇸 President Trump announces he's creating a Crypto Strategic Reserve, with no mention of Bitcoin 👎 pic.twitter.com/kKwXqCRUpM
— Bitcoin Magazine (@BitcoinMagazine) March 2, 2025
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